09/25/2018

News

California unemployment rate steady at 4.2 percent in August

California’s unemployment rate remained at 4.2 percent in August. The state Employment Development Department says Friday the rate has held steady for five months. The department says California adds 44,800 nonfarm payroll jobs in August, for a total gain of more than 3 million jobs since economic expansion began in February 2010.

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Strong Economy Drove Wages Higher in August as Hiring Heats Up

A robust economy drove U.S. wages higher in August, new evidence that workers are gaining bargaining power with their employers as the nation’s pool of available labor becomes tighter in an expansion that appears to have gained steam in 2018. The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector […]

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Youth Unemployment Hits 52-Year Low

The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989. Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor […]

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California adds nearly 47,000 jobs in July; unemployment stays at record low

California payrolls grew by 46,700 jobs in July, a significant gain that came as the unemployment rate held at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The positive numbers come as a relief: June’s initial report, which said employers added only 800 jobs to payrolls that […]

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U.S. Hiring Cools Slightly in July, Unemployment Rate Falls

U.S. hiring cooled but remained solid in July and the unemployment rate fell, showing the labor market remains firmly in expansion mode. U.S. nonfarm payrolls rose a seasonally adjusted 157,000 in July, the Labor Department said Friday. The unemployment rate, a seasonally adjusted 3.9%, ticked down from 4.0% the prior month. (Follow our live analysis.) […]

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U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 8,000 to a seasonally adjusted 207,000 in the week ended July 14, the Labor Department said Thursday. This marks the lowest level for claims […]

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California gains just 800 jobs in June; unemployment remains at record low

California gained a meager 800 net jobs in June, while the unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The June numbers represent a pullback from May, when the Golden State added 7,200 jobs. And the gains in May were much smaller […]

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U.S. Hiring Strong in June; Unemployment Rate Rises as More Enter Labor Force

Hundreds of thousands of Americans started looking for jobs and employers added 213,000 to their payrolls last month, the Labor Department said Friday. Many of those job seekers were snapped up by employers while some were counted as unemployed while they sought out work, which helped push the jobless rate up to 4.0%, from an […]

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Disability Applications Plunge as the Economy Strengthens

The number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that […]

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California gains just 5,500 jobs in May; unemployment stays at record-low 4.2%

The California economy cooled a bit in May as employers added just 5,500 net jobs. The unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The numbers reflect a slowdown from April, when the state added 25,600 jobs, according to Friday’s downward revision. […]

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Unemployment Rate Falls to 18-Year Low; Solid Hiring in May

The U.S. labor market was firing on all cylinders in May: the unemployment rate fell to an 18-year low, employers added jobs at a faster pace and wages modestly improved. The unemployment rate ticked down to a seasonally adjusted 3.8%, matching April 2000 as the lowest reading since 1969, the Labor Department said Friday. Nonfarm […]

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California gains nearly 40,000 jobs, and unemployment falls to record low

California added 39,300 net new jobs in April, as the unemployment rate fell from 4.3% to a new record low of 4.2%, according to data released Friday by the state Employment Development Department. The report indicates that the California economy remains robust despite some fears job growth was tapering off. April showed marked improvement compared […]

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Stalemate weakens fund for jobless benefits

When the state could not repay the loans, the feds indirectly raised payroll taxes on California employers, which are expected to finally erase the debt this year. The state’s own report on its UIF, issued last October, projects that it will end 2018 with a positive balance of $1.8 billion, and 2019 with $2.3 billion, […]

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U.S. Jobless Claims Drop to Lowest Level Since 1969

The number of Americans applying for unemployment benefits fell to the lowest level since 1969, the latest sign the labor market is firming after years of steady job growth. Initial jobless claims, a measure of layoffs across the U.S., fell 24,000 to a seasonally adjusted 209,000 in the week through April 21, the Labor Department […]

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California loses jobs in March, though unemployment stays at a record low

In a signal that California’s economic engine could be slowing after a remarkable run, the state lost 7,200 net jobs last month and increases in February were far less than originally estimated, according to data released Friday by the Employment Development Department. The decline was the first in nearly two years and follows a disappointing […]

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